LO6 Rograin Corporation purchases turning lathes costing $1,603,000 and bus- es costing $975,000 in June of the current year. The lathes are 7-year MACRS property, and the buses are 5-year MACRS property. Rograin does not want to claim bonus depreciation. a. What is Rograin's maximum Section 179 deduction? b. Assuming that Rograin deducts the maximum Section 179 expense, what are the depreciable basis of the lathes and the buses? c. If Rograin wants to maximize its cost recovery this year, how much first-year depreciation may it deduct